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Consequences of differences in cost-benefit methodology in railway infrastructure appraisal—A comparison between selected countries

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  • Olsson, Nils O.E.
  • Økland, Andreas
  • Halvorsen, Siri B.

Abstract

This paper presents the cost-benefit methodology used in the appraisal of railway infrastructure in Norway, Sweden, Denmark, the UK, France, Germany and Switzerland. The consequences of differences in methodology are illustrated by a case-study undertaken with the methodology from each of the seven countries. Differences in methodology means that results from the analyses are far from similar. The case project has a positive net present value based on Swiss and British methodology, but negative net present value using methodology from any of the other five countries.

Suggested Citation

  • Olsson, Nils O.E. & Økland, Andreas & Halvorsen, Siri B., 2012. "Consequences of differences in cost-benefit methodology in railway infrastructure appraisal—A comparison between selected countries," Transport Policy, Elsevier, vol. 22(C), pages 29-35.
  • Handle: RePEc:eee:trapol:v:22:y:2012:i:c:p:29-35
    DOI: 10.1016/j.tranpol.2012.03.005
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    References listed on IDEAS

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    1. Lyons, Glenn & Jain, Juliet & Holley, David, 2007. "The use of travel time by rail passengers in Great Britain," Transportation Research Part A: Policy and Practice, Elsevier, vol. 41(1), pages 107-120, January.
    2. Mokhtarian, Patricia L. & Salomon, Ilan, 2001. "How derived is the demand for travel? Some conceptual and measurement considerations," Transportation Research Part A: Policy and Practice, Elsevier, vol. 35(8), pages 695-719, September.
    3. Kaufmann, Vincent & Jemelin, Christophe & Pflieger, Géraldine & Pattaroni, Luca, 2008. "Socio-political analysis of French transport policies: The state of the practices," Transport Policy, Elsevier, vol. 15(1), pages 12-22, January.
    4. Hayashi, Y. & Morisugi, H., 2000. "International comparison of background concept and methodology of transportation project appraisal," Transport Policy, Elsevier, vol. 7(1), pages 73-88, January.
    5. Nakamura, H., 2000. "The economic evaluation of transport infrastructure: needs for international comparisons," Transport Policy, Elsevier, vol. 7(1), pages 3-6, January.
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    Cited by:

    1. Grimaldi, Raffaele & Beria, Paolo, 2013. "Open issues in the practice of cost benefit analysis of transport projects," MPRA Paper 53766, University Library of Munich, Germany.
    2. Carl Koopmans & Piet Rietveld, 2013. "Long-term impacts of mega-projects: the discount rate," Chapters,in: International Handbook on Mega-Projects, chapter 14, pages 313-332 Edward Elgar Publishing.

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